United Airlines Announces Boeing 787-10 Aircraft will Operate Between New York/Newark and Six International Destinations

November 14, 2018

CHICAGO, Nov. 14, 2018 /PRNewswire/ -- United Airlines today announced it will operate its newest Boeing 787-10 Dreamliner on six trans-Atlantic routes from its New York/Newark hub beginning in March 2019. United was the first North American airline to take delivery of the 787-10, and is also the first airline in the world to have the entire family of Boeing's 787-8, 787-9 and 787-10 Dreamliners in its fleet. United's 787-10 features 44 United Polaris
® business class seats, 21 United® Premium Plus seats, 54 Economy Plus seats and 199 standard Economy seats. Tickets will be available for purchase on Dec. 3, for travel beginning March 30.

"United is proud to offer more seats between New York and Europe than any other carrier and our Boeing 787-10 aircraft based in New York/Newark will enable us to connect even more New York City customers to Europe and beyond," said Patrick Quayle, United's Vice President of International Network. "We are thrilled to announce six international cities that will be served with this aircraft and we look forward to offering our customers all of the comforts and services of our most advanced aircraft."

Boeing 787-10 International Schedule

Start

UA Flight

Depart

Time

Arrive

Time

March 30

UA 960

New York/Newark

7:50 p.m.

Frankfurt (FRA)

9:20 a.m.

March 30

UA 84

New York/Newark

4:55 p.m.

Tel Aviv (TLV)

10:15 a.m.

April 29

UA 57

New York/Newark

6:40 p.m.

Paris (CDG)

7:45 a.m.

April 29

UA 120

New York/Newark

7:30 p.m.

Barcelona (BCN)

9:00 a.m.

May 22

UA 999

New York/Newark

6:30 p.m.

Brussels (BRU)

7:45 a.m.

May 22

UA 23

New York/Newark

7:25 p.m.

Dublin (DUB)

7:05 a.m.

Offering more service than any other U.S. airline from New York to Germany and Israel, United currently offers daily nonstop service to Frankfurt and twice-daily nonstop service to Tel Aviv. United also operates daily service from New York/Newark to Barcelona, Brussels, Dublin and Paris.

Investing in customer-friendly advancements onboard

In addition to United's signature all aisle access Polaris business class and United Premium Plus seats, United is investing in several customer-friendly advancements onboard. The aircraft features updated lighting patterns that mimic sunrise and sunset and are designed to help customers in each cabin fall asleep and wake up more adjusted to new time zones. A brand new seatback entertainment system is also available at every seat, which includes:

A relax mode for customers who want to customize a selection of soothing videos and relaxing audio playlists.

The world's most extensive suite of accessibility features on a seatback entertainment system, which accommodates any level of vision, as well as provides support for customers with hearing and mobility issues.

Movie and television recommendations based on remaining flight time and previously watched content.

United previously announced its first 787-10 aircraft will begin operating between New York/Newark and Los Angeles and San Francisco in January 2019.

The Boeing 787-10 is 18 feet longer than the 787-9 and can carry more passengers and more cargo. The -10 aircraft can fly up to 6,430 nautical miles, while using 20 percent less fuel than older generation airplanes. United currently operates 25 787-9 and 12 787-8 Dreamliner aircraft. The airline expects to take delivery of 14 787-10 aircraft over the next two years. For more information on United's 787-10, and other fleet updates visit
United's Fleet Newsroom.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 760 mainline aircraft and the airline's United Express carriers operate 546 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

CHICAGO, Jan. 18, 2019 /PRNewswire/ -- United Airlines (UAL) today announced Bryan Quigley has been named senior vice president of flight operations. Quigley will be responsible for overseeing United's 12,500 pilots and will serve as the airline's FAA certificate director of operations. Quigley will replace Howard Attarian who is retiring after more than a decade of leadership at United.

Quigley, who joined United in 1995, has held several leadership positions throughout United. He most recently was the vice president of the company's San Francisco hub. Quigley also served as chief pilot and led the team in charge of the integration of policies and procedures following the merger of United and Continental.

"Bryan is an exceptional leader both in and out of the flight deck. He has developed a deep understanding of the entire airline after leading our San Francisco hub and I believe he will do great work as the leader of our pilots," said Executive Vice President and Chief Operations Officer Greg Hart.

In addition to his time at United, Quigley spent 26 years in the United States Navy, serving as a U.S. naval aviator.

Attarian retires after more than 40 years in aviation. In addition to his time at United, he spent more than 23 years as a pilot for Northwest Airlines and held several leadership positions with the Air Line Pilots Association. Attarian also served in the United States Air Force and was a demonstration pilot with the U.S. Air Force Thunderbirds.

"Over the past five years, Howard has worked tirelessly to develop the best group of aviators in the industry. We will forever be grateful and wish him the best as he enters the next chapter of his life," said Hart.

Quigley holds a bachelor of science degree in Business Administration from Appalachian State University and has completed the Executive Scholar Program from the Kellogg School of Business at Northwestern University.

Matt Miller, current vice president of international will replace Quigley as vice president of the San Francisco hub.

About United

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Reports Full-Year and Fourth-Quarter 2018 Performance

January 15, 2019

CHICAGO, Jan. 15, 2019 /PRNewswire/ -- In a departure from industry trends, United (UAL) announced today that its fourth-quarter unit revenue came in at the high end of its guidance range and also exceeded its full-year adjusted diluted earnings per share target laid out last January. UAL reported full-year net income of $2.1 billion, diluted earnings per share of $7.70 (a 9.1 percent increase year-over-year), pre-tax earnings of $2.7 billion and pre-tax margin of 6.4 percent. UAL reported adjusted full-year net income of $2.5 billion, adjusted pre-tax earnings of $3.2 billion and adjusted pre-tax margin of 7.7 percent.
1 UAL increased its full-year 2018 adjusted diluted earnings per share outlook three times during the year despite a $2.4 billion year-over-year headwind from fuel. Full-year adjusted diluted earnings per share increased 33.5 percent year-over-year to $9.13, above the high end of the company's most recent guidance range.

"United's financial performance is a testament to the successful implementation of the first year of our strategic plan and to the record-setting operational performance powered by the more than 90,000 airline professionals who work at United," said Oscar Munoz, chief executive officer of United Airlines. "United delivered proof, not just promises in 2018 - even in the face of significant headwinds from higher than expected fuel costs. It's why I couldn't be more proud of our winning culture and customer-focused team and continue to be enthusiastic about United's bright future."

For 2019, UAL expects adjusted diluted earnings per share to again grow year-over-year to between $10.00 to $12.00.
2

UAL reported fourth-quarter net income of $462 million, diluted earnings per share of $1.70, pre-tax earnings of $556 million and pre-tax margin of 5.3 percent.

For more information on UAL's first-quarter and full-year 2019 guidance, please visit ir.united.com for the company's investor update.

2018 Highlights

Record-Setting Operational Performance3

Set new UAL records by flying the most revenue passengers ever, operating the most mainline departures and achieving the fewest cancellations ever in a year, resulting in more UAL customers departing on-time in 2018 than ever before.

For the year, achieved the best completion rate in company history with more than 1.7 million flights.

In 2018, achieved the best ever company STAR performance (first departures of the day), with nearly 250,000 flights leaving on time.

In the fourth quarter, the company achieved top-tier performance in on-time departures among its largest competitors. For the December holiday season, UAL had its best-ever on-time departure performance while flying the most revenue customers it had ever flown during the holiday period.

Customer Experience

Opened three new United Polaris lounges located in San Francisco International Airport, Newark Liberty International Airport and Houston's George Bush Intercontinental Airport.

Announced UAL's newest premium seating, United® Premium Plus, which will provide more space, comfort and amenities on select international flights starting later this year.

Introduced a new boarding process designed to reduce customers' stress by reducing time spent waiting in line and providing them with improved boarding information.

Expanded personal device entertainment option to all aircraft, providing at least one free entertainment option on all Wi-Fi equipped aircraft.

MileagePlus loyalty program voted Best Overall Frequent-Flyer Program in the world for the 15th consecutive year by readers of Global Traveler, and voted Favorite Frequent-Flyer Program in the Trazee Awards.

Employees

Employees earned incentive payments totaling approximately $14 million for achieving operational performance goals in the quarter, marking a full year of earned incentive payments totaling $55 million.

Introduced and trained over 90,000 team members on UAL's new customer service decision framework, the core4, which focuses on the principles of safe, caring, dependable and efficient.

Unveiled a state-of-the-art flight training center in Denver, Colorado - the largest in the world and home to the company's more than 30 full flight simulators representing all of UAL's fleet types.

Successfully completed the full implementation of the flight attendant joint collective bargaining agreement, allowing the company to operate more efficiently and reliably.

Achieved the top score of 100 percent on the 2018 Disability Equality Index (DEI), a prominent benchmarking metric that rates U.S. companies on their disability inclusion policies and practices, also earning UAL a place on DEI's 2018 "Best Places to Work" list.

Received "Best-of-the-Best" Award from the National LGBT Chamber of Commerce and National Business Inclusion Consortium for commitment to diversity and inclusion across all communities.

Network

Introduced 93 new routes, adding more flights in 2018 than any other U.S. airline.

Announced new international service including Washington-Dulles to Tel Aviv, Israel; San Francisco to Amsterdam, Netherlands; Newark/New York to Naples, Italy; as well as Newark/New York to Prague, Czech Republic and Denver to Frankfurt, Germany, all subject to government approval.

Launched several exciting new international routes including Houston to Sydney, San Francisco to Tahiti and Denver to London.

Announced schedule expansion at East Coast hubs in Newark/New York and Washington-Dulles to offer more nonstop flights to destinations popular with New York-area customers while reallocating largely connecting passenger flights to Washington-Dulles.

Announced a joint business agreement with Compañía Panameña de Aviación S.A. (Copa), Aerovías del Continente Americano S.A. (Avianca) and many of Avianca's affiliates, pending government approval.

Fleet

Took delivery of 21 new Boeing aircraft, including four 777-300ER, four 787-9, three 787-10 and ten 737 MAX 9 aircraft.

In December 2018, ordered an additional four Boeing 777-300ER aircraft and 24 737 MAX aircraft.

Community and Environment

Pledged to reduce the company's greenhouse gas emissions by 50 percent by 2050, the only U.S. airline to commit to emissions reductions, further strengthening UAL's ambition to be the world's most environmentally conscious airline.

Announced a total of $8 million in grants to benefit organizations in each of UAL's domestic hub communities.

Announced new global partnership with the Special Olympics and flew hundreds of Team USA Olympic and Paralympic Winter Games 2018 athletes, coaches and family members to PyeongChang, South Korea, continuing the 38-year relationship between UAL and the United States Olympic Committee.

Ranked No. 1 among global carriers in Newsweek's 2017 Global 500 Green Rankings, one of the most recognized environmental performance assessments of the world's largest publicly traded companies.

Launched a Crowdrise fundraising campaign to support those affected by Hurricane Florence, Typhoon Mangkhut, flooding in Western Japan, wildfires in California and other disasters.

Earnings Call

UAL will hold a conference call to discuss its fourth-quarter and full-year 2018 financial results and its financial and operational outlook for the first quarter and full year of 2019 on Wednesday, January 16, at 9:30 a.m. Central time /10:30 a.m. Eastern time. A live, listen-only webcast of the conference call will be available at ir.united.com. The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months.

About United

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

1Adjusted pre-tax earnings and adjusted pre-tax margin exclude special charges, the mark-to-market ("MTM") impact of financial instruments and imputed interest on certain capitalized leases. Adjusted net income and adjusted diluted earnings per share exclude special charges, the MTM impact of financial instruments, imputed interest on certain capitalized leases and certain tax adjustments. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included in the tables accompanying this release.

2 Excludes special charges and the MTM impact of financial instruments, the nature of which are not determinable at this time, and imputed interest on certain capitalized leases. Accordingly, UAL is not providing earnings guidance on a GAAP basis.

3 Company history defined as post-2010 merger; company records measured from 2010 merger.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers, the operations of our code share partners or the aircraft operated by another airline of the same model as operated by us, our regional carriers or our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

-tables attached-

On January 1, 2018, United Continental Holdings, Inc. ("UAL") adopted Accounting Standards Update No. 2014-09 (Topic 606),
Revenue from Contracts with Customers, and Accounting Standards Update No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. As such, certain previously reported 2017 figures are adjusted in this report on a basis consistent with the new standards. See the Current Report on Form 8-K filed by UAL with the Securities and Exchange Commission on March 1, 2018 for additional information.

UNITED CONTINENTAL HOLDINGS, INC.

STATEMENTS OF CONSOLIDATED OPERATIONS (UNAUDITED)

Three Months Ended

December 31,

%

Full Year Ended

December 31,

%

(In millions, except per share data)

2018

2017

Increase/
Decrease)

2018

2017

Increase/
Decrease)

Operating revenue:

Passenger

$

9,556

$

8,587

11.3

$

37,706

$

34,460

9.4

Cargo

334

324

3.1

1,237

1,114

11.0

Other operating revenue

601

540

11.3

2,360

2,210

6.8

Total operating revenue

10,491

9,451

11.0

41,303

37,784

9.3

Operating expense:

Salaries and related costs

2,924

2,678

9.2

11,458

10,941

4.7

Aircraft fuel

2,380

1,875

26.9

9,307

6,913

34.6

Regional capacity purchase

638

580

10.0

2,601

2,232

16.5

Landing fees and other rent

602

570

5.6

2,359

2,240

5.3

Depreciation and amortization

578

539

7.2

2,240

2,149

4.2

Aircraft maintenance materials and outside repairs

434

479

(9.4)

1,767

1,856

(4.8)

Distribution expenses

396

354

11.9

1,558

1,435

8.6

Aircraft rent

78

145

(46.2)

433

621

(30.3)

Special charges (B)

301

31

NM

487

176

NM

Other operating expenses

1,508

1,424

5.9

5,801

5,550

4.5

Total operating expense

9,839

8,675

13.4

38,011

34,113

11.4

Operating income

652

776

(16.0)

3,292

3,671

(10.3)

Operating margin

6.2

%

8.2

%

(2.0)

pts.

8.0

%

9.7

%

(1.7)

pts.

Adjusted operating margin (Non-GAAP) (A)

9.1

%

8.5

%

0.6

pts.

9.1

%

10.2

%

(1.1)

pts.

Nonoperating income (expense):

Interest expense

(189)

(173)

9.2

(729)

(671)

8.6

Interest capitalized

19

20

(5.0)

70

84

(16.7)

Interest income

31

16

93.8

101

57

77.2

Miscellaneous, net (B)

43

(19)

NM

(76)

(101)

(24.8)

Total nonoperating expense

(96)

(156)

(38.5)

(634)

(631)

0.5

Income before income taxes

556

620

(10.3)

2,658

3,040

(12.6)

Pre-tax margin

5.3

%

6.6

%

(1.3)

pts.

6.4

%

8.0

%

(1.6)

pts.

Adjusted pre-tax margin (Non-GAAP) (A)

7.8

%

6.9

%

0.9

pts.

7.7

%

8.5

%

(0.8)

pts.

Income tax expense (D)

94

41

129.3

529

896

(41.0)

Net income

$

462

$

579

(20.2)

$

2,129

$

2,144

(0.7)

Diluted earnings per share

$

1.70

$

1.98

(14.1)

$

7.70

$

7.06

9.1

Diluted weighted average shares

272.7

291.8

(6.5)

276.7

303.6

(8.9)

NM Not meaningful

UNITED CONTINENTAL HOLDINGS, INC.

SELECT PASSENGER REVENUE INFORMATION AND STATISTICS

Select passenger revenue information is as follows:

4Q 2018

Passenger

Revenue

(millions)

Passenger

Revenue

vs.

4Q 2017

PRASM

vs.

4Q 2017

Yield

vs.

4Q 2017

Available

Seat Miles

vs.

4Q 2017

Domestic

6,088

12.8%

6.0%

6.7%

6.4%

Atlantic

1,535

9.6%

1.6%

(5.0%)

8.0%

Pacific

1,139

8.8%

4.5%

3.2%

4.0%

Latin America

794

7.2%

3.8%

1.1%

3.1%

International

3,468

8.8%

3.2%

(0.5%)

5.4%

Consolidated

$

9,556

11.3%

5.0%

3.8%

6.0%

Select statistics are as follows:

Three Months Ended

December 31,

%

Increase/

(Decrease)

Full Year Ended

December 31,

%

Increase/

(Decrease)

2018

2017

2018

2017

Passengers (thousands)

39,891

37,413

6.6

158,330

148,067

6.9

Revenue passenger miles (millions)

56,968

53,149

7.2

230,155

216,261

6.4

Available seat miles (millions)

68,902

65,028

6.0

275,262

262,386

4.9

Passenger load factor:

Consolidated

82.7

%

81.7

%

1.0

pt.

83.6

%

82.4

%

1.2

pts.

Domestic

84.6

%

85.2

%

(0.6)

pts.

85.4

%

85.2

%

0.2

pts.

International

80.1

%

77.2

%

2.9

pts.

81.3

%

78.9

%

2.4

pts.

Passenger revenue per available seat mile (cents)

13.87

13.21

5.0

13.70

13.13

4.3

Total revenue per available seat mile (cents)

15.23

14.53

4.8

15.00

14.40

4.2

Average yield per revenue passenger mile (cents)

16.77

16.16

3.8

16.38

15.93

2.8

Aircraft in fleet at end of period

1,329

1,262

5.3

1,329

1,262

5.3

Average stage length (miles)

1,426

1,431

(0.3)

1,446

1,460

(1.0)

Average full-time equivalent employees (thousands)

87.3

85.6

2.0

86.6

86.0

0.7

Average aircraft fuel price per gallon

$

2.30

$

1.91

20.4

$

2.25

$

1.74

29.3

Fuel gallons consumed (millions)

1,036

980

5.7

4,137

3,978

4.0

Note: See Part II, Item 6, Selected Financial Data, of UAL's Annual Report on Form 10-K for the fiscal year ended December 31, 2017, for definitions of these statistics.

UNITED CONTINENTAL HOLDINGS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(In millions)

December 31, 2018

December 31, 2017

ASSETS

Current assets:

Cash and cash equivalents

$

1,694

$

1,482

Short-term investments

2,256

2,316

Receivables, net

1,346

1,340

Aircraft fuel, spare parts and supplies, net

985

924

Prepaid expenses and other

913

1,071

Total current assets

7,194

7,133

Total operating property and equipment, net

28,329

26,208

Other assets:

Goodwill

4,523

4,523

Intangibles, net

3,159

3,539

Restricted cash

105

91

Loans to others, net

496

46

Investments in affiliates and other, net

966

806

Total other assets

9,249

9,005

Total assets

$

44,772

$

42,346

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Advance ticket sales

$

4,381

$

3,940

Accounts payable

2,363

2,196

Frequent flyer deferred revenue

2,286

2,192

Accrued salaries and benefits

2,184

2,166

Current maturities of long-term debt and capital leases

1,379

1,693

Other

600

576

Total current liabilities

13,193

12,763

Other liabilities and deferred credits:

Long-term debt and capital leases

13,349

12,699

Frequent flyer deferred revenue

2,719

2,591

Postretirement benefit liability

1,295

1,602

Pension liability

1,576

1,921

Deferred income taxes

814

204

Other

1,831

1,832

Total other liabilities and deferred credits

21,584

20,849

Commitments and contingencies

Stockholders' equity

9,995

8,734

Total liabilities and stockholders' equity

$

44,772

$

42,346

UNITED CONTINENTAL HOLDINGS, INC.

CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED)

(In millions)

Full Year Ended
December 31,

2018

2017

Cash Flows from Operating Activities:

Net cash provided by operating activities

$

6,181

$

3,413

Cash Flows from Investing Activities:

Capital expenditures

(4,177)

(3,998)

Purchases of short-term and other investments

(2,552)

(3,241)

Proceeds from sale of short-term and other investments

2,616

3,177

Loans made to others

(456)

—

Investment in affiliates

(139)

—

Other, net

145

132

Net cash used in investing activities

(4,563)

(3,930)

Cash Flows from Financing Activities:

Proceeds from issuance of long-term debt and airport construction financing

1,740

2,765

Repurchases of common stock

(1,235)

(1,844)

Payments of long-term debt

(1,727)

(901)

Principal payments under capital leases

(134)

(124)

Other, net

(54)

(91)

Net cash used in financing activities

(1,410)

(195)

Net increase (decrease) in cash, cash equivalents and restricted cash

208

(712)

Cash, cash equivalents and restricted cash at beginning of the year

1,591

2,303

Cash, cash equivalents and restricted cash at end of the year (a)

$

1,799

$

1,591

Investing and Financing Activities Not Affecting Cash:

Property and equipment acquired through the issuance of debt and capital leases

$

174

$

935

Debt associated with termination of a maintenance service agreement

163

—

Equity interest in Republic Airways Holdings, Inc. received in consideration for bankruptcy claims

—

92

Airport construction financing

12

42

Operating lease conversions to capital lease

52

—

(a) The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts reported within the consolidated balance sheet:

Reconciliation of cash, cash equivalents and restricted cash:

Current assets:

Cash and cash equivalents

$

1,694

$

1,482

Restricted cash included in Prepaid expenses and other

—

18

Other assets:

Restricted cash

105

91

Total cash, cash equivalents and restricted cash

$

1,799

$

1,591

UNITED CONTINENTAL HOLDINGS, INC.

RETURN ON INVESTED CAPITAL (ROIC) - Non-GAAP

ROIC is a non-GAAP financial measure that UAL believes provides useful supplemental information for management and investors by measuring the effectiveness of the company's operations' use of invested capital to generate profits.

(in millions)

Twelve Months Ended

December 31, 2018

Net Operating Profit After Tax ("NOPAT")

Pre-tax income

$

2,658

Special charges and MTM losses on financial instruments (B):

Impairment of assets

377

Termination of a maintenance service agreement

64

Severance and benefit costs

41

MTM losses on financial instruments

5

(Gains) losses on sale of assets and other special charges

5

Pre-tax income excluding special charges and MTM losses on financial instruments (Non-GAAP)

Income tax benefit measured based on the effective cash tax rate. The effective cash tax rate is calculated by dividing cash taxes paid by pre-tax income excluding special charges. For the twelve months ended December 31, 2018, the effective cash tax rate was 0.6%.

(b)

The purpose of this adjustment is to capitalize the impact of aircraft operating leases. The company uses a multiple of seven times its annual aircraft rent expense to estimate the potential capitalized value and related liability of its aircraft. This is a simplified method used by many rating agencies and financial analysts to assess the impact of operating leases on financial measures like return on invested capital.

(A) UAL evaluates its financial performance utilizing various accounting principles generally accepted in the United States of America (GAAP) and Non-GAAP financial measures, including adjusted operating income (loss), adjusted operating margin, adjusted pre-tax income (loss), adjusted pre-tax margin, adjusted net income (loss), adjusted diluted earnings (loss) per share and CASM, excluding special charges, third-party business expenses, fuel, and profit sharing, among others. UAL believes that adjusting for special charges is useful to investors because special charges are not indicative of UAL's ongoing performance. UAL believes that adjusting for MTM gains and losses on financial instruments is useful to investors because those unrealized gains or losses may not ultimately be realized on a cash basis. UAL believes that adjusting for interest expense related to capital leases of Embraer ERJ 145 aircraft is useful to investors because of the accelerated recognition of interest expense.

CASM is a common metric used in the airline industry to measure an airline's cost structure and efficiency. UAL reports CASM excluding special charges, third-party business expenses, fuel and profit sharing. UAL believes that adjusting for special charges is useful to investors because special charges are not indicative of UAL's ongoing performance. UAL also believes that excluding third-party business expenses, such as maintenance, ground handling and catering services for third parties and fuel sales, provides more meaningful disclosure because these expenses are not directly related to UAL's core business. UAL also believes that excluding fuel costs from certain measures is useful to investors because it provides an additional measure of management's performance excluding the effects of a significant cost item over which management has limited influence. UAL excludes profit sharing because this exclusion allows investors to better understand and analyze our operating cost performance and provides a more meaningful comparison of our core operating costs to the airline industry.

Reconciliations of reported non-GAAP financial measures to the most directly comparable GAAP financial measures are included below.

UAL believes that adjusting capital expenditures for assets acquired through the issuance of debt and capital leases, airport construction financing and excluding fully reimbursable projects is useful to investors in order to appropriately reflect the non-reimbursable funds spent on capital expenditures. UAL also believes that adjusting net cash provided by operating activities for capital expenditures and adjusted capital expenditures is useful to allow investors to evaluate the company's ability to generate cash that is available for debt service or general corporate initiatives.

Three Months Ended

December 31,

Full Year Ended

December 31,

Capital Expenditures (in millions)

2018

2017

2018

2017

Capital expenditures (GAAP)

$

1,585

$

1,098

$

4,177

$

3,998

Property and equipment acquired through the issuance of debt and capital leases

35

17

174

935

Airport construction financing

—

1

12

42

Fully reimbursable projects

(36)

(70)

(176)

(246)

Adjusted capital expenditures (Non-GAAP)

$

1,584

$

1,046

$

4,187

$

4,729

Free Cash Flow (in millions)

Net cash provided by operating activities (GAAP)

$

1,101

$

728

$

6,181

$

3,413

Less capital expenditures

1,585

1,098

4,177

3,998

Free cash flow, net of financings (Non-GAAP)

$

(484)

$

(370)

$

2,004

$

(585)

Net cash provided by operating activities (GAAP)

$

1,101

$

728

$

6,181

$

3,413

Less adjusted capital expenditures (Non-GAAP)

1,584

1,046

4,187

4,729

Free cash flow (Non-GAAP)

$

(483)

$

(318)

$

1,994

$

(1,316)

UNITED CONTINENTAL HOLDINGS, INC.

NOTES (UNAUDITED)

(B) Special charges and MTM gains and losses on financial instruments include the following:

Three Months Ended

December 31,

Full Year Ended

December 31,

(In millions)

2018

2017

2018

2017

Operating:

Impairment of assets

$

232

$

10

$

377

$

25

Termination of an engine maintenance service agreement

64

—

64

—

Severance and benefit costs

7

15

41

116

(Gains) losses on sale of assets and other special charges

(2)

6

5

35

Total special charges

301

31

487

176

Nonoperating MTM (gains) losses on financial instruments

(56)

—

5

—

Total special charges and MTM (gains) losses on financial instruments

245

31

492

176

Income tax benefit related to special charges

(68)

(11)

(109)

(63)

Income tax expense (benefit) related to MTM gains and losses on financial instruments

13

—

(1)

—

Income tax adjustments (D)

(5)

(179)

(5)

(179)

Total special charges and MTM (gains) losses on financial instruments, net of income taxes

$

185

$

(159)

$

377

$

(66)

Impairment of assets:

Routes: The company conducted its annual impairment review of intangible assets in the fourth quarter of 2018, which consisted of a comparison of the book value of specific assets to the fair value of those assets calculated using the discounted cash flow method. Due to increased costs without sufficient corresponding increases in revenue in the Hong Kong market, the company determined that the value of its Hong Kong routes had been impaired. Accordingly, in the fourth quarter of 2018, the company recorded a special non-cash impairment charge of $206 million ($160 million net of taxes) associated with its Hong Kong routes. The collateral pledged under the company's term loan, including the Hong Kong routes, continues to be sufficient to satisfy the loan covenants.

In May 2018, the Brazil–United States open skies agreement was ratified, which provides air carriers with unrestricted access between the United States and Brazil. The company determined that the approval of the open skies agreement impaired the entire value of its Brazil route authorities because the agreement removes all limitations or reciprocity requirements for flights between the United States and Brazil. Accordingly, in the second quarter of 2018, the company recorded a $105 million special charge ($82 million net of taxes) to write off the entire value of the intangible asset associated with its Brazil routes. This asset was not part of any collateral pledged against any of the company's borrowings. The company continues to maintain its slot assets related to Brazil since airport access is still regulated by slot allocations that are limited by airport facility constraints.

Other: For the three and twelve months ended December 31, 2018, the company also recorded $26 million ($20 million net of taxes) and $66 million ($51 million net of taxes), respectively, of fair value adjustments related to aircraft purchased off lease, write-off of unexercised aircraft purchase options and other impairments related to certain fleet types and international slots no longer in use.

In the fourth quarter of 2017, the company recorded a $10 million ($6 million net of taxes) impairment charge related to obsolete spare parts inventory. During 2017, the company recorded a $15 million ($10 million net of taxes) intangible asset impairment charge related to a maintenance service agreement.

Termination of a maintenance service agreement: In the fourth quarter of 2018, the company recorded a one-time termination charge of $64 million ($50 million net of tax) related to one of its engine maintenance service agreements.

Severance and benefit costs: During the three and twelve months ended December 31, 2018, the company recorded severance and benefit costs related to a voluntary early-out program for its technicians and related employees represented by the International Brotherhood of Teamsters of $3 million ($2 million net of taxes) and $22 million ($17 million net of taxes), respectively. In the first quarter of 2017, approximately 1,000 technicians and related employees elected to voluntarily separate from the company and will receive a severance payment, with a maximum value of $100,000 per participant, based on years of service, with retirement dates through 2018. Also during the three and twelve months ended December 31, 2018, the company recorded other management severance of $4 million ($3 million net of taxes) and $19 million ($15 million net of taxes), respectively.

During the three and twelve months ended December 31, 2017, the company recorded $10 million ($6 million net of taxes) and $83 million ($53 million net of taxes), respectively, of severance and benefit costs related to the voluntary early-out program for its technicians and related employees, and $5 million ($3 million net of taxes) and $33 million ($21 million net of taxes), respectively, of management severance.

MTM gains and losses on financial instruments: During the three and twelve months ended December 31, 2018, the company recorded gains of $89 million ($69 million net of taxes) and $28 million ($22 million net of taxes), respectively, for the change in market value of certain of its equity investments. During the fourth quarter of 2018, the company recorded losses of $33 million ($26 million net of taxes) for the change in fair value of certain derivative assets related to equity of Avianca Holdings S.A. For equity investments and derivative assets subject to MTM accounting, the company records gains and losses as part of Nonoperating income (expense): Miscellaneous, net in its statements of consolidated operations.

During the third quarter of 2018, United entered into an agreement with the lessor of 54 Embraer ERJ 145 aircraft to purchase those aircraft in 2019. The provisions of the new lease agreement resulted in a change in accounting classification of these new leases from operating leases to capital leases up until the purchase date. The company recognized $13 million ($10 million net of tax) and $26 million ($20 million net of tax) of additional interest expense in the three and twelve months ended December 31, 2018, respectively, as a result of this change.

(D) Effective tax rate

The company's effective tax rate for the three and twelve months ended December 31, 2018 was 16.9% and 19.9%, respectively, and the effective tax rate for the three and twelve months ended December 31, 2017 was 6.6% and 29.5%, respectively. The effective tax rate represents a blend of federal, state and foreign taxes and included the impact of certain nondeductible items. The effective tax rate for the three and twelve months ended December 31, 2018 also reflects the reduced federal corporate income tax rate as a result of the enactment of the Tax Cuts and Jobs Act (the "Tax Act") in December 2017 and the impact of a change in the company's mix of domestic and foreign earnings. The rates for the 2018 and 2017 periods were impacted by one-time benefits of $5 million and $179 million, respectively, due to the passage of the Tax Act.

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

LA's Newest Star: The United Polaris Lounge Opens at Los Angeles International Airport

January 10, 2019

LOS ANGELES, Jan. 10, 2019 /PRNewswire/ -- Beginning January 12, United customers traveling in United Polaris® business class, the airline's international premium cabin travel experience, will now be able to relax and dine before their travels in the new United Polaris lounge at Los Angeles International Airport.

The award-winning Polaris lounge experience builds on the airline's concept to be uniquely United while embracing the energy and distinct culture of Southern California and the exciting destinations United serves from here. This Polaris lounge features Southern California-style throughout, including works by local, Los Angeles-based artists, Rema Ghuloum, Chris Trueman and Ruth Pastine, and a food and beverage program inspired by the City of Angels. It is conveniently located in Terminal 7 between Gates 73 and 75A and faces west to capture the city's vibrant sunset skies.

The United Polaris lounge is the most recent investment United has made at LAX, where the airline recently completed a $573 million renovation of Terminal 7. Customers also can now take advantage of the recently completed cut-through, a new road that provides a shortcut to avoid the LAX "horseshoe" road around the terminals to help ease their travels. In addition to the Polaris lounge, United recently opened a new United Club in Terminal 7, and offers customers who want a more upscale experience access to The Private Suite. These latest improvements and amenities help give United customers the best possible airport experience at LAX.

The airline is also committed to the greater Los Angeles community, having announced last year a $1 million grant to Southern California-based First Place for Youth.

"Los Angeles is one of United's most important gateways, particularly to Asia and Australia, and this lounge provides our customers with a best-in-class experience before they board their flights, especially for those customers with late-night departures and early-morning arrivals," said Janet Lamkin, United's California President. "We continue to expand our presence in Los Angeles, connecting customers from all over California and the U.S. to our global network. The addition of the United Polaris lounge is yet another way we provide customers with the best possible travel experience at LAX."

United Polaris Lounge at LAX Facts & Highlights

More than 12,000 square feet

140 seats, with a variety of seating areas for productivity, privacy and dining

In a nod to the innovative cocktail culture of Los Angeles, the lounge features signature cocktails inspired by the City of Stars, including the Let's Rumble, made from Cruso Spiced Rum, fresh lemon, prickly pear puree and house-made simple syrup and the On Sunset, a playful take on the tequila sunrise, made from Casa Noble Tequila, Del Maguey Single Village Mezcal and agave nectar.

The United Polaris lounge at Los Angeles International Airport is the fifth Polaris lounge to open. Other United Polaris lounge locations include: Chicago O'Hare International Airport, George Bush Intercontinental in Houston, Newark Liberty International Airport and San Francisco International Airport.

The focus behind the United Polaris experience has always been to provide long-haul travelers with what they've asked for: the best sleep in the sky. On average, United continues to add one aircraft with the new United Polaris business class seat every 10 days from now through 2020. On Monday, the airline's newest aircraft, the Boeing 787-10 Dreamliner, officially entered service, featuring the Polaris business class seat as well as the airline's new United Premium Plus seat. United in the first North American carrier to operate the 787-10 and the only airline in the world to operate all three models of the Dreamliner.

For more photos of the United Polaris lounge at Los Angeles International Airport, visit the United Newsroom.

About United

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Unveils New United MileagePlus X App

January 10, 2019

CHICAGO, Jan. 10, 2019 /PRNewswire/ -- Today, United Airlines is introducing the relaunch of the United MileagePlus X app, which offers United MileagePlus® members a unique opportunity to earn award miles for everyday purchases. The app has been refreshed to integrate additional programs to make it even easier for members to accumulate miles. Additionally, the app features the launch of United Visa Rewards with offers from merchants like Sam's Club®, Wayfair®, and StubHubTM, offering UnitedSM Chase Visa Cardmembers even more ways to earn miles.

App enhancements

MileagePlus DiningSM: The existing MileagePlus Dining program has been integrated into the MileagePlus X app. With seamless enrollment and showcasing nearby restaurants, members' ability to choose where to dine and earn miles is now in the palm of their hand.

MileagePlus Shopping: The longstanding shopping program is now available through the MileagePlus X app, and offers members the ability to shop and earn miles on the go at more than 900 retailers.

United Visa Rewards: This new program is powered by Visa Commerce Network, which allows enrolled individuals to receive valuable offers within MileagePlus X thanks to the power of the Visa payments network. United Visa Rewards is available exclusively to United Chase Visa Cardmembers in the U.S. who are now able to enroll their eligible card into the program via the app. From there, they can view active enhanced mileage earning offers from participating merchants. Once program participants make a qualifying purchase with a participating merchant, they will receive a near real-time reward notification within the app. As a special launch offer, from now until March 31, 2019, United Chase Visa Cardmembers can earn 1,000 bonus award miles by simply enrolling their eligible credit card for the first time into the program.1

"We are excited to launch the new MileagePlus X app, which allows MileagePlus members to earn and redeem award miles in real time for their everyday purchases at hundreds of merchants across the U.S, matching the increased benefits our UnitedSM Explorer Cardmembers received with the new credit card last summer," said Luc Bondar, president of MileagePlus Holdings and vice president of loyalty at United Airlines. "As mobile payments become more commonplace, it was a natural tie for United to update the features, enable members to make purchases and earn and use miles on the go."

"Visa and United have been working together for over 20 years," said Terry Angelos, SVP, loyalty & offers, Visa. "As digitally-savvy individuals continue to help shape the future of digital commerce, Visa continues to work with United and Chase to bring new ways to reward consumers for their loyalty. At the same time, participating merchants will benefit from Visa Commerce Network's ability to deliver custom solutions that will help increase their customer base and loyalty, ultimately helping them continue to grow their business."

Through the MileagePlus X app, members can purchase eGift Cards from hundreds of restaurants and retailers. One of the savviest ways to take advantage of this feature is to buy an eGift Card in the amount of the purchase price while at checkout at a participating merchant. In addition, primary United Chase Cardmembers earn a 25% bonus on miles earned from MileagePlus on eGift Card purchases made through the app. Customers can find eGift Cards from a variety of categories such as shopping, dining, transportation, lodging, music, and more.

About MileagePlus®

MileagePlus® is United's industry-leading loyalty program. With a wide network of partners through which members may earn and redeem miles. MileagePlus members earn award miles by flying United, United Express, Star Alliance airlines or other airline partners, and by purchasing products or services from partners around the globe. Members enjoy a host of options for using those award miles, including award travel, hotel stays, car rentals and merchandise. For the 15th consecutive year, Global Traveler voted United's MileagePlus® loyalty program the best overall frequent-flyer program in the world.

About United

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

1 Available to first time enrollees only

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, 872.825.8640, media.relations@united.com

Announced UAL's largest ever international network expansion from San Francisco International
Airport by offering nonstop year-round service to Toronto and Melbourne, Australia, seasonal service
to New Delhi and a second daily flight between San Francisco and Seoul, South Korea - all subject to government approvals. In addition to the new routes, UAL will begin new year-round nonstop service between San Francisco and each of Auckland, New Zealand, Tahiti, French Polynesia and Amsterdam.

Announced the addition of 11 new routes from UAL's hubs in Chicago, Houston, Los Angeles and Washington, D.C. The company's new summer service, beginning in June 2019, will connect customers to popular summer vacation destinations in California, Colorado, Florida, Oregon, Michigan and Nova Scotia.

Mileage Plus loyalty program was voted Best Overall Frequent-Flyer Program in the world for the 15th
consecutive year by readers of
Global Traveler and was awarded the 2018 Frequent Traveler Titan Award for the Americas.

About United

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United
on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

Preliminary Operational Results

December

Year-to-Date

2018

2017

Change

2018

2017

Change

REVENUE PASSENGER MILES (000)

Domestic

11,058,944

10,479,105

5.5%

132,954,893

124,267,502

7.0%

Mainline

8,982,444

8,578,667

4.7%

108,634,884

102,312,669

6.2%

Regional

2,076,500

1,900,438

9.3%

24,320,009

21,954,833

10.8%

International

8,270,205

7,596,002

8.9%

97,199,892

91,992,999

5.7%

Atlantic

2,986,741

2,645,206

12.9%

40,610,724

36,220,795

12.1%

Pacific

3,108,677

2,880,088

7.9%

34,414,147

33,890,639

1.5%

Latin

2,174,787

2,070,708

5.0%

22,175,021

21,881,565

1.3%

Mainline

2,085,568

1,987,076

5.0%

21,255,941

21,019,723

1.1%

Regional

89,219

83,632

6.7%

919,080

861,842

6.6%

Consolidated

19,329,149

18,075,107

6.9%

230,154,785

216,260,501

6.4%

AVAILABLE SEAT MILES (000)

Domestic

13,295,896

12,476,108

6.6%

155,637,292

145,848,600

6.7%

Mainline

10,757,911

10,173,407

5.7%

126,385,402

119,208,926

6.0%

Regional

2,537,985

2,302,701

10.2%

29,251,890

26,639,674

9.8%

International

10,076,215

9,486,777

6.2%

119,624,405

116,537,327

2.6%

Atlantic

3,671,224

3,343,547

9.8%

49,721,287

47,297,821

5.1%

Pacific

3,835,983

3,660,168

4.8%

43,406,455

42,831,318

1.3%

Latin

2,569,008

2,483,062

3.5%

26,496,663

26,408,188

0.3%

Mainline

2,457,018

2,376,570

3.4%

25,279,532

25,238,343

0.2%

Regional

111,990

106,492

5.2%

1,217,131

1,169,845

4.0%

Consolidated

23,372,111

21,962,885

6.4%

275,261,697

262,385,927

4.9%

PASSENGER LOAD FACTOR

Domestic

83.2%

84.0%

(0.8) pts

85.4%

85.2%

0.2 pts

Mainline

83.5%

84.3%

(0.8) pts

86.0%

85.8%

0.2 pts

Regional

81.8%

82.5%

(0.7) pts

83.1%

82.4%

0.7 pts

International

82.1%

80.1%

2.0 pts

81.3%

78.9%

2.4 pts

Atlantic

81.4%

79.1%

2.3 pts

81.7%

76.6%

5.1 pts

Pacific

81.0%

78.7%

2.3 pts

79.3%

79.1%

0.2 pts

Latin

84.7%

83.4%

1.3 pts

83.7%

82.9%

0.8 pts

Mainline

84.9%

83.6%

1.3 pts

84.1%

83.3%

0.8 pts

Regional

79.7%

78.5%

1.2 pts

75.5%

73.7%

1.8 pts

Consolidated

82.7%

82.3%

0.4 pts

83.6%

82.4%

1.2 pts

ONBOARD PASSENGERS (000)

Mainline

9,448

9,006

4.9%

113,885

108,017

5.4%

Regional

3,744

3,436

9.0%

44,445

40,050

11.0%

Consolidated

13,192

12,442

6.0%

158,330

148,067

6.9%

CARGO REVENUE TON MILES (000)

Total

302,575

301,330

0.4%

3,424,625

3,315,902

3.3%

OPERATIONAL PERFORMANCE

Mainline Departure Performance
1

67.5%

69.1%

(1.6) pts

Mainline Completion Factor

99.8%

99.8%

0.0 pts

1Based on mainline scheduled flights departing by or before scheduled departure time

Note:
See Part II, Item 6, Selected Financial Data, of the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2017 for the definitions of these statistics

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
: Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement,whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers, the operations of our code share partners or the aircraft operated by another airline of the same model as operated by us, our regional carriers or our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations
due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of
changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set for thunder Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

SOURCE United Airlines

For further information: United Airlines, Worldwide Media Relations, 872.825.8640, media.relations@united.com

United Airlines to Hold Live Webcast of Fourth-Quarter and Full-Year 2018 Financial Results

January 07, 2019

CHICAGO, Jan. 7, 2019 /PRNewswire/ -- United Airlines will hold a conference call to discuss fourth-quarter and full-year 2018 financial results on Wednesday, January 16, at 9:30 a.m. CT/10:30 a.m. ET. A live, listen-only webcast of the conference call will be available at ir.united.com. The company will issue its fourth-quarter and full-year 2018 financial results and first-quarter 2019 investor update after market close on Tuesday, January 15.

The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months.

Notable Special Charges

For fourth quarter 2018, the company expects to record a special non-cash impairment charge of $206 million ($160 million net of taxes) associated with its Hong Kong routes. The company conducted its annual impairment review of intangible assets in the fourth quarter of 2018, which consisted of a comparison of the book value of specific assets to the fair value of those assets calculated using the discounted cash flow method. Due to increased costs without sufficient corresponding increases in revenue in the Hong Kong market, the company determined that the value of its Hong Kong routes had been impaired. The collateral pledged under the company's term loan, including the Hong Kong routes, continues to be sufficient to satisfy the loan covenants.

The company expects to also record a one-time termination fee with a present value of $64 million ($50 million net of tax) related to one of its engine maintenance service agreements.

About United

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements included in this release are forward-looking and thus reflect our current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to our operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward-looking statements. Words such as "expects," "will," "plans," "anticipates," "indicates," "believes," "estimates," "forecast," "guidance," "outlook," "goals" and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: general economic conditions (including interest rates, foreign currency exchange rates, investment or credit market conditions, crude oil prices, costs of aircraft fuel and energy refining capacity in relevant markets); economic and political instability and other risks of doing business globally, including political developments that may impact our operations in certain countries; demand for travel and the impact that global economic and political conditions have on customer travel patterns; competitive pressures on pricing and on demand; demand for transportation in the markets in which we operate; our capacity decisions and the capacity decisions of our competitors; the effects of any hostilities, act of war or terrorist attack; the effects of any technology failures or cybersecurity breaches; the impact of regulatory, investigative and legal proceedings and legal compliance risks; disruptions to our regional network; the ability of other air carriers with whom we have alliances or partnerships to provide the services contemplated by the respective arrangements with such carriers; costs associated with any modification or termination of our aircraft orders; potential reputational or other impact from adverse events in our operations, the operations of our regional carriers, the operations of our code share partners or the aircraft operated by another airline of the same model as operated by us, our regional carriers or our code share partners; our ability to attract and retain customers; our ability to execute our operational plans and revenue-generating initiatives, including optimizing our revenue; our ability to control our costs, including realizing benefits from our resource optimization efforts, cost reduction initiatives and fleet replacement programs; the impact of any management changes; our ability to cost-effectively hedge against increases in the price of aircraft fuel if we decide to do so; any potential realized or unrealized gains or losses related to any fuel or currency hedging programs; labor costs; our ability to maintain satisfactory labor relations and the results of any collective bargaining agreement process with our union groups; any disruptions to operations due to any potential actions by our labor groups; an outbreak of a disease that affects travel demand or travel behavior; U.S. or foreign governmental legislation, regulation and other actions (including Open Skies agreements and environmental regulations); industry consolidation or changes in airline alliances; our ability to comply with the terms of our various financing arrangements; the costs and availability of financing; our ability to maintain adequate liquidity; the costs and availability of aviation and other insurance; weather conditions; our ability to utilize our net operating losses to offset future taxable income; the impact of changes in tax laws; the success of our investments in airlines in other parts of the world; and other risks and uncertainties set forth under Part I, Item 1A., "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission.

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

LOS ANGELES, Jan. 7, 2019 /PRNewswire/ -- Today, United Airlines' first Boeing 787-10 Dreamliner began regular service as UA2418, departing from Los Angeles International Airport traveling to Newark Liberty International Airport. United is the first carrier in the world to operate all three Dreamliner models, including the 787-8, 787-9 and now the longest model, the 787-10.

The Dreamliner's entry into scheduled service continues United's comprehensive fleet plan, while providing an improved experience for customers. The aircraft is United's first Dreamliner model delivered with the airline's signature Polaris business class seats, and new United® Premium Plus seats. Boeing's Dreamliners are known for dramatically improving the on board experience for customers with lower cabin altitude, better humidity, cleaner air, smoother ride and better sound quality. Additionally, the new Dreamliner provides better fuel efficiency than older aircraft, contributing to United's commitment to reducing emissions by 50 percent by 2050.

As previously announced, United expects its second Dreamliner to enter service between its hubs in San Francisco and New York/Newark in February, and begin international service in March.

United Airlines and United Express operate approximately 4,800 flights a day to 353 airports across five continents. In 2018, United and United Express operated more than 1.7 million flights carrying more than 158 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 770 mainline aircraft and the airline's United Express carriers operate 559 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, 872-825-8640, media.relations@united.com

United Airlines Named Best Overall Frequent Flyer Program in the World for 15th Consecutive Year

December 20, 2018

CHICAGO, Dec. 20, 2018 /PRNewswire/ -- For the 15th consecutive year, readers of Global Traveler, a monthly publication written exclusively for frequent business and luxury travelers, voted United's MileagePlus loyalty program the Best Overall Frequent-Flyer Program in the world. United has been recognized with this distinction every year since the inception of the GT Tested Reader Survey in 2004.

In the survey completed by frequent business and luxury travelers, United's MileagePlus program was also named the Best Frequent-Flyer Bonus Program for the sixth consecutive year.

Additionally, the United MileagePlus Club Card from Chase was named Best Credit Card and Best Credit Card Rewards Program, both for the seventh consecutive year.

"It is an honor that United's MileagePlus loyalty program is consistently recognized by Global Traveler as the Best Frequent Flyer Program. It represents our continued commitment to our MileagePlus members and credit card holders," said Luc Bondar, United's vice president of loyalty. "We are proud to offer a service that continues to be consistent and meets the standards our members expect."

MileagePlus members earn award miles by flying United, United Express, Star Alliance airlines or other airline partners, and by purchasing products or services from partners around the globe. Members enjoy a variety of options for using those award miles, including to pay for travel, hotel stays, car rentals and merchandise.

United continues to enhance its MileagePlus program, offering members new ways to earn and redeem miles as well as increased benefits. Highlights from the last 12 months include:

The launch of the new United MileagePlus Explorer Card, which now offers an expanded 2 miles per $1 spent on hotel stays and restaurant purchases in addition to 2 miles per $1 spent on purchases with United, travel benefits and inflight discounts.

A new boarding process for all customers, allowing Premier 1K and Premier Gold members to board in an earlier group.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 760 mainline aircraft and the airline's United Express carriers operate 546 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

The More the Merrier - United Airlines Adds 11 New Routes from Chicago, Houston, Los Angeles and Washington, D.C.

December 19, 2018

CHICAGO, Dec. 19, 2018 /PRNewswire/ -- United Airlines today announced the addition of 11 new routes from its hubs in Chicago, Houston, Los Angeles and Washington, D.C. United's new summer service, beginning in June 2019, will connect customers to popular summer vacation destinations in California, Colorado, Florida, Oregon, Michigan and Nova Scotia. Tickets are now available for purchase.

In 2018, United introduced 93 new routes across the United States, including 15 international routes – adding more flights than any U.S. airline. Today's additions are part of United's 78 domestic routes announced this year and build on the airline's record network expansion.

"We are focused on giving our customers more reasons to choose to fly United Airlines," said Ankit Gupta, United's vice president of Domestic Network Planning and Scheduling. "With nearly 100 new routes announced this year, we continue to deliver on our commitment to build a global network with destinations where our customers want to fly."

Chicago to Colorado, Florida, Oregon and Nova Scotia

From United's hometown hub, the airline will offer seven new routes connecting customers to Florida beaches, Oregon's Willamette Valley and Cascade Mountains and the Colorado Rocky Mountains. Additionally, beginning June 6, United will offer daily service to the stunning coastline and scenery of Halifax on the Nova Scotia peninsula in Canada.

City

Depart

Arrive

Frequency

Aircraft

Chicago-Destin

9:15 a.m.

11:41 a.m.

Saturday, Sunday

CRJ-200

Destin-Chicago

12:15 p.m.

2:55 p.m.

Saturday, Sunday

CRJ-200

Chicago-Durango

10:00 am

12:12 pm

Saturday

CRJ-700

Durango-Chicago

12:50 p.m.

4:40 p.m.

Saturday

CRJ-700

Chicago-Panama City Beach

9:15 a.m.

11:41 a.m.

Saturday, Sunday

CRJ-200

Panama City Beach-Chicago

12:15 p.m.

2:55 p.m.

Saturday, Sunday

CRJ-200

Chicago-Grand Junction

10:00 a.m.

12:12 p.m.

Saturday

CRJ-700

Grand Junction-Chicago

12:50 p.m.

4:40 p.m.

Saturday

CRJ-700

Chicago-Eugene

7:30 p.m.

9:50 p.m.

Daily, year-round

EMB-175

Eugene-Chicago

11:40 p.m.

5:15 a.m. + 1 day

Daily, year-round

EMB-175

Chicago-Halifax, Nova Scotia

5:50 p.m.

10:52 p.m.

Daily, Summer

EMB-175

Halifax, Nova Scotia-Chicago

7:14 a.m.

8:40 a.m.

Daily, Summer

EMB-175

Chicago-Redmond

7:30 p.m.

9:45 p.m.

Daily, Summer

EMB-175

Redmond-Chicago

11:45 p.m.

5:15 a.m. + 1 day

Daily, Summer

EMB-175

Houston to Durango, Colorado, and Ontario, California

United's new service between its Houston hub at George Bush Intercontinental Airport offers customers nonstop access for the summer season to outdoor summer fun in Durango and southwestern Colorado's San Juan mountain range. United will also begin daily, year-round service between Houston and Ontario in southern California. From Ontario, customers can easily access four major interstates, including easy access to Los Angeles and Long Beach.

Located on the eastern shores of Lake Michigan, picturesque Traverse City is an ideal destination for a summer vacation. In fact, fans of the National Cherry Blossom Festival in Washington can follow up with a trip to Traverse City, home of the annual week-long National Cherry Festival in July. United customers traveling between Washington, D.C. and Traverse City will enjoy the area's freshwater beaches, vineyards and nearby national forest and state park.

City

Depart

Arrive

Frequency

Aircraft

Washington Dulles-Traverse City

9:00 a.m.

11:00 a.m.

Saturday

EMB-145

Traverse City-Washington Dulles

1:45 pm

3:45 pm

Saturday

EMB-145

Booking summer travel is an opportunity for United MileagePlus members to enjoy the benefits and perks of their membership. Whether it's a trip for business or a vacation getaway with friends or family, MileagePlus Premier and eligible United MileagePlus Chase cardmembers can book Everyday Awards on flights operated by United and United Express.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 760 mainline aircraft and the airline's United Express carriers operate 546 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL."

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Names Pam Hendry Treasurer

December 17, 2018

CHICAGO, Dec. 17, 2018 /PRNewswire/ -- United Airlines (UAL) today announced Pam Hendry has been named vice president and treasurer. Hendry will be responsible for Corporate Finance, Treasury Operations and Risk Management.

Hendry is a senior aviation finance executive who has an extensive background in cost-effectively financing aircraft. She spent the majority of her career at International Lease Finance Corporation (ILFC) where, among other roles, she served as senior vice president and treasurer.

"Pam is well known and respected throughout the aircraft finance community. With her reputation as a strong leader and her deep industry knowledge she will be a great addition to the United team," said Executive Vice President and CFO Gerry Laderman. "I look forward to welcoming Pam to United and partnering with her and our entire team as we continue to deliver on the growth strategy we laid out in January of this year."

Prior to joining United, Hendry was a managing director at Plane View Partners, an aviation consulting firm. She has also held a number of leadership and consulting roles in aircraft finance and leasing, where she built a proven track record in financial and capital markets.

Hendry holds a bachelor's degree in Business Economics from the University of California, Santa Barbara.

Hendry will report to Laderman and will start on January 7.

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 760 mainline aircraft and the airline's United Express carriers operate 546 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL".

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, +1-872-825-8640, media.relations@united.com

United Airlines Announces Largest International Route Expansion in San Francisco

December 12, 2018

SAN FRANCISCO, Dec. 12, 2018 /PRNewswire/ -- United Airlines today announced its largest ever international network expansion from its hub at San Francisco International Airport. The airline will offer Bay Area customers nonstop year-round service to Toronto and Melbourne, Australia and seasonal service to New Delhi. United also announced it will begin a second daily flight between San Francisco and Seoul, South Korea. All routes subject to government approvals. In addition to the new routes, in 2019, United will begin new year-round nonstop service between San Francisco and Auckland, New Zealand, Tahiti, French Polynesia and Amsterdam.

"This route expansion solidifies United's position at San Francisco as the gateway airline serving destinations across the Pacific, the continental United States, as well as to Europe and beyond," said Oscar Munoz, United's CEO. "It serves as a fitting capstone to all our efforts that made 2018 a breakthrough year for United, from delivering strong financial performance to currently leading in on-time departures for the second year in a row."

"San Francisco continues to be a cultural and economic hub for the world," said U.S. Senator Dianne Feinstein. "These new routes will expand international travel to and from San Francisco International Airport, helping us forge stronger connections between our city and other major destinations around the globe."

Since 2013, United Airlines has added 12 new international destinations from San Francisco. With these new flights, United will serve 29 international destinations from San Francisco, including eight cities in Europe, India, and the Middle East, seven in North America, and 14 in Asia and Oceania. United, the largest airline at San Francisco International Airport, operates more than 300 daily flights.

"This is great news for all of our customers and employees in the Bay Area, and a sign that United is deeply committed to growing San Francisco and adding unique and exciting destinations across the globe," said Janet Lamkin, United's President of California.

United has been a Bay Area company for 90 years and employs 14,000 people in the region, including 2,500 industrial jobs at its maintenance base, which recently celebrated its 70th anniversary of operation. United continues to invest in the airport, this year opening the 28,000-square foot Polaris lounge near Gate G92 in International Terminal G.

San Francisco to Amsterdam

United recently announced it will offer nonstop daily year-round service between San Francisco and Amsterdam. With this new flight, United will be the first U.S. carrier to fly between San Francisco and Amsterdam. United currently serves Amsterdam nonstop from its hubs in Chicago, Houston, New York/Newark and Washington, D.C. The new San Francisco service begins on March 30, 2019 and will be operated with Boeing 787-9 Dreamliner aircraft.

San Francisco to Melbourne, Australia

Offering the most service between the U.S. West Coast and Australia by any U.S. carrier, United is adding new nonstop year-round service between San Francisco and Melbourne three times per week, beginning October 29, 2019. For more than 35 years, United has offered nonstop service to Australia. Today, United offers nonstop service to Sydney from Houston, Los Angeles and San Francisco and provides nonstop service between Los Angeles and Melbourne. United operates all flights between the U.S. and Australia with Boeing 787-9 Dreamliner aircraft.

San Francisco to New Delhi, India

United's new seasonal service between San Francisco and New Delhi enables business and leisure travelers nonstop access from the U.S. West Coast. The new flight will connect customers from more than 80 cities to India with just one stop in San Francisco. United currently offers nonstop service to Mumbai and New Delhi from New York/Newark. Seasonal service begins on December 5, 2019, with Boeing 787-9 Dreamliner aircraft.

San Francisco to Seoul, South Korea

United is adding a second flight – flown four times per week – between San Francisco and Seoul, South Korea. The airline has served Seoul for more than 30 years from San Francisco. The second flight will provide customers with new time and itinerary options, while providing convenient connections to more than 80 destinations. The additional flights begin on April 1, 2019 and will be operated with Boeing 777-200ER aircraft.

San Francisco to Toronto, Canada

United's new twice-daily nonstop year-round service between San Francisco and Toronto begins March 31, 2019, offering convenient connections for business and leisure travelers from throughout the western United States, Asia and the South Pacific. United currently offers more than 20 daily flights between Toronto and its hubs in Chicago, Denver, Houston, New York/Newark and Washington Dulles. In addition to Toronto, United operates daily nonstop service between San Francisco and Calgary and Vancouver. United will operate service with Boeing 737-800.

San Francisco to Pape'ete, Tahiti, extended to year-round

This fall, United began the only nonstop service offered by a U.S. carrier between the mainland U.S. and Tahiti with its San Francisco – Pape'ete flight. The airline recently announced it is extending its Tahiti schedule to year-round service from San Francisco. Year-round service on Tuesdays, Thursdays and Saturdays begins March 30, 2019. United operates Boeing 787-8 Dreamliner aircraft between San Francisco and Pape'ete.

San Francisco to Auckland, New Zealand, extended to year-round

Beginning March 30, 2019, United will extend service between its West Coast hub in San Francisco and Auckland to year-round with three-times-weekly service. In partnership with Air New Zealand, United's flight arriving in Auckland offers passengers more than 20 connections across the region and the return trip utilizes United's extensive route network in San Francisco, which provides connections to the United States, Canada, and Latin America. United's extended service between San Francisco and Auckland will operate with Boeing 777-200ER aircraft.

2019 new international routes

Flight

From

To

Frequency

Depart*

Arrive*

Aircraft

UA104

San Francisco

New Delhi

Daily

7:15 p.m.

12:45 a.m.
+2 days

787-9

UA105

New Delhi

San Francisco

Daily

4:00 a.m.

6:10 a.m.

787-9

UA060

San Francisco

Melbourne

Tue/Thur/Sat

10:50 p.m.

9:40 a.m.
+2 days

787-9

UA061

Melbourne

San Francisco

Mon/Thur/Sat

11:40 a.m.

6:50 a.m.

787-9

UA805

San Francisco

Seoul

Mon/Tue/Thur/Sat

4:55 p.m.

9:35 p.m.
+1 day

777-200ER

UA806

Seoul

San Francisco

Mon/Wed/Thur/Sat

11:25 a.m.

6:10 a.m.

777-200ER

UA565

San Francisco

Toronto

Twice daily

10:25 a.m.

11:00 p.m.

6:30 p.m.

7:00 a.m
+1 day

737-800

UA459

Toronto

San Francisco

Twice daily

7:15 a.m.

7:21 p.m.

9:54 a.m.

9:55 p.m.

737-800

UA968

San Francisco

Amsterdam

Daily

2:55 p.m.

10:20 a.m.
+1 day

787-9

UA969

Amsterdam

San Francisco

Daily

2:50 p.m.

4:50 p.m.

787-9

*Schedules subject to change

2019 international route year-round extensions

Flight

From

To

Frequency

Depart*

Arrive*

Aircraft

UA917

San Francisco

Auckland

Tue/Thur/Sat

11:10 p.m.

7:20 a.m.
+2 days

777-200ER

UA916

Auckland

San Francisco

Mon/Thur/Sat

2:30 p.m.

6:40 a.m.

777-200ER

UA115

San Francisco

Pape'ete

Tue/Thur/Sat

1:15 p.m.

6:55 p.m.

787-8

UA114

Pape'ete

San Francisco

Tue/Thur/Sat

9:15 p.m.

8:25 a.m.
+1 day

787-8

*Schedules subject to change

About United

United Airlines and United Express operate approximately 4,700 flights a day to 356 airports across five continents. In 2017, United and United Express operated more than 1.6 million flights carrying more than 148 million customers. United is proud to have the world's most comprehensive route network, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, Newark/New York, San Francisco and Washington, D.C. United operates 760 mainline aircraft and the airline's United Express carriers operate 546 regional aircraft. The airline is a founding member of Star Alliance, which provides service to 193 countries via 28 member airlines. For more information, visit
united.com, follow @United on Twitter or connect on Facebook. The common stock of United's parent, United Continental Holdings, Inc., is traded on the Nasdaq under the symbol "UAL."

SOURCE United Airlines

For further information: United Airlines Worldwide Media Relations, 872-825-8640, media.relations@united.com

With Winter Storm Harper expected to bring up to 8 inches of snow to the Chicagoland area, United Express operations are suspended from 8 p.m. 1/18 through 11 a.m. on 1/19. Additional cancellations are possible. Waiver: uafly.co/Z04CmP

We have issued a travel waiver in advance of Winter Storm Gia. Please check your flight status on our mobile app or at hhttp://united.com/flightstatusbefore going to the airport. hhttp://uafly.co/Z04CmP

Plan ahead as winter weather approaches Colorado. Please check your flight status on our mobile app or at united.com/flightstatus before going to the airport. A travel waiver is in effect for changes: uafly.co/Z04CmP

Many in the #BeingUnited family will march in parades or volunteer in Dr. King's memory on January 21. Sign up through Your Cause to take part in United-affiliated events in Chicago, Houston and Los Angeles, San Francisco and San Jose, California.

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From players and personnel to thousands of pounds of equipment, it takes not only a game plan, but a team to get the San Francisco 49ers to their next game and back all within 24 hours. This process is a little thing in the airline business we call chartering. Learn more about how our Charter team gets professional sports teams to their away games and back on the newest episode of Big Metal Bird.

In addition, United will engage with local Programs in our key markets around the world. Special Olympics embodies our shared purpose to connect people and unite the world. With more than 5 million athletes and 1 million coaches and volunteers in 172 countries, our employees and customers will join forces with Special Olympics to achieve our shared vision of inclusion. Together, we hope to end discrimination against people with intellectual disabilities.

Our relationship with Special Olympics represents a continued effort to break down barriers and further build on the organization's remarkable legacy by engaging our customers and employees around the world. Working together, we created new training that specifically reflects insights from Special Olympics, including training scenarios with real-life situations that individuals with intellectual disabilities face when traveling. By the end of 2018, more than 60,000 United frontline employees will have participated in the new training modules that reflect Special Olympics insights as United takes steps to deliver a world full of inclusion.

Check back this summer for coverage from Special Olympics 50th Anniversary celebrations in Chicago and 2018 Special Olympics USA Games in Seattle.